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Brief Exercise 3-14 Your answer is partially correct. Try again. An inexperienced bookkeeper prepared the following trial bal
PANY Trial Balance > December 31, 2022 Debit Credit Cash 35000 Prepaid Insurance 4570 Accounts Payable 4350 Unearned Service
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Answer #1

Solution :

Trial Balance :

Debit Credit
Cash $ 37,000
Prepaid Insurance $ 4,910
Account Payable $ 4,180
Unearned Service Revenue $ 4,000
Common Stock $ 26,000
Retained Earning $ 5,120
Dividend $ 7,830
Service Revenue $ 27,010
Salaries and Wages $ 11,770
Rent Expenses $ 4,800
$ 66,310 $ 66,310

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